Real es­tate firms fore­cast profit de­cline in 2015

China Daily (Canada) - - NEWS CAPSULE -

More than half of China’s listed real es­tate com­pa­nies are ex­pect­ing to re­port de­clines in an­nual prof­its last year, as the res­i­den­tial prop­erty mar­ket con­tin­ues to slow down.

Of the an­nual earn­ings fore­casts is­sued by 88 com­pa­nies, 45 have pre­dicted a de­cline in net prof­its, ac­cord­ing to new fig­ures from mar­ket in­tel­li­gence provider Tonghuashun.

Twenty five of the com­pa­nies ex­pect net losses, 22 of them for the first time.

Com­ment­ing on the fig­ures, Guo Yi, mar­ket­ing di­rec­tor of the Ya­hao Real Es­tate Sell­ing and Con­sult­ing So­lu­tion Agency, said small- and medi­um­sized de­vel­op­ers will con­tinue to be plagued by fi­nan­cial trou­bles this year, as stock lev­els re­main high.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.